FRANKFURT, Germany,
February 25, 2013 /PRNewswire/ --
Fraport AG - the owner and manager of Frankfurt Airport (FRA) -
has undertaken a further step to establish a common ethics and
values policy across all of the Group's companies. Fraport's
executive board has issued two new Codes of Conduct for employees
and suppliers, which define binding rules for dealing with the
ethical, commercial, and legal challenges of everyday business.
Both documents incorporate the principles of internationally
recognized standards of behavior, such as the UN Global Compact
(United Nations) - which Fraport is a member of - as well as the
Organization of Economic Cooperation and Development's (OECD)
Guidelines for Multinational Enterprises and the International
Labour Organization's (ILO) core labour standards. Fraport has also
developed a new policy comprising all basic values adopted by the
company. Under the new policy, the two Codes of Conduct and the
company's ongoing environmental policy have been integrated into
one framework.
Dr. Stefan Schulte, Fraport AG's
executive board chairman, said: "By introducing the new Codes of
Conduct, we are consistently expanding Fraport AG's values
management. Over the past ten years, our values management has
defined exemplary rules of behavior and general obligations for all
employees. Thus, we are fulfilling the demands of responsible
corporate governance - which has become an essential asset for
globally operating companies today."
Both Codes of Conducts take into account issues related to
compliance, working conditions and human rights. The Code of
Conduct for suppliers - which is mandatory for all suppliers and
service providers having a direct business relationship with
Fraport AG - also comprises environmental issues. In a first
step, the codes will be introduced at the Fraport parent company in
Frankfurt, Germany. The Codes of
Conducts will then be successively rolled out at all major
subsidiaries of the Fraport Group.
Fraport's newly issued Codes of Conduct can be downloaded from
the Internet at the following link:
http://ots.de/tO6xo
For Further Information, Please Contact:
Fraport AG Frankfurt Airport Services Worldwide
Robert A. Payne, B.A.A. -
International Spokesman and Head of International Press/PR &
External Activities Team, Press Office (UKM-PS), Corporate
Communications, 60547 Frankfurt,
Germany; Tel.: +49-69-690-78547; E-mail: r.payne@fraport.de;
Internet: http://www.fraport.com
SOURCE Fraport AG